A business cash advance is an agreed sum of money advanced to you and secured against your future debit and credit card turnover. Unlike a small business loan, there’s no APR or fixed monthly repayments. Instead, we agree one simple cost upfront and repayments are deducted automatically as a percentage of your daily credit and debit card takings, which means you pay us back as you earn. Unlike a loan there is no fixed time limit to pay back the advance. Our business cash advance is however designed to be a short-term funding product and so the advance and your repayments will be tailored according to your business and assumptions we agree at the outset.

If your business has been trading for at least 6 months and you turnover at least £500 per month on cards, you could be eligible for our business cash advance. If you have not been accepting cards for 6 months but your business has been established for longer we may still be able to help you.

We offer advances from as little as £500 and up to £300,000. The funding we provide is typically up to 100% of your monthly card turnover, so if you take £10,000 per month on cards, this would be the level of advance you could be eligible for in total. By looking at your recent card processing statements, we’ll be able to inform you of exactly how much you can raise.

Our business cash advance is designed to help you both sustain and grow your business. We do not therefore place restrictions on how you use the advance within your business because you will know best how to do this. Most of our customers use their advance to purchase additional stock, cover seasonal periods, refurbish premises, boost cash flow and upgrade equipment. Read our customer case studies to find out more.

Your repayments are deducted automatically by us from your credit and debit card takings before they are remitted to you each day. This process does not delay your settlement. We deduct a pre-agreed percentage of your total card turnover each day which means your repayments will rise and fall in line with your sales. Our business cash advance product is therefore totally flexible and designed for real business needs.